EL FAROUQ FOUNDATION
Provides educational grants to the postgraduate students and makes donations to the charitable institutions.
Objects
THE RELIEF OF POVERTY AND ADVANCEMENT OF EDUCATION AND RELIGION IN THE MUSLIM COMMUNITY IN THE UNITED KINGDOM AND ABROAD AND IN PARTICULAR BUT STRICTLY WITHIN THE LIMITS SET BY THE FOREGOING OBJECTS AND WITHOUT PREJUDICE TO THEIR GENERALITY TO ASSIST POOR PEOPLE AND ORPHANS OF ISLAMIC RELIGION IN THE UNITED KINGDOM AND ABROAD, TO ERECT OR HELP TO ERECT SCHOOLS, CHARITABLE INSTITUTIONS, MOSQUES, ORPHANAGES AND NURSERIES FOR THE ISLAMIC COMMUNITY IN BRITAIN AND ABROAD; PRIORITY BEING GIVEN TO SUCH CHARITABLE WORKS AS MAY BE CONDUCIVE TO OR AS SHALL FURTHER THE RELIEF OF POVERTY AND SUFFERING AMONG MUSLIMS.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £11,424 for the year ended 31 December 2024, bringing total unrestricted reserves to £1,108,322. The trustees report that this level of funding is adequate to support future activities and meet commitments. The financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £65k | £59k |
| 31/12/2023 | £50k | £80k |
| 31/12/2022 | £28k | £23k |
| 31/12/2021 | £323 | £64k |
| 31/12/2020 | £6k | £41k |
Common questions
Is EL FAROUQ FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net surplus of £11,424 for the year ended 31 December 2024, bringing total unrestricted reserves to £1,108,322. The trustees report that this level of funding is adequate to support future activities and meet commitments. The financial statements were prepared on a going concern basis with no material uncertainties identified.